Cowen analyst Vivien Azer initiated coverage Friday of five multi-state cannabis operators, saying she's bullish on those that rely on the consumer packaged goods model given the higher margins, especially relative to those relying on the retail model. Azer started Green Thumb Industries Inc. at outperform with a stock price target of $18.50, Curaleaf Holdings Inc. at outperform with a $10.50 target, and Cresco Labs Inc. at outperform with a $14 target. "We believe that the greatest shareholder value will be created through businesses that emulate a traditional CPG finished goods model, given its superior margin structure," Azer wrote in a note to clients. Meanwhile, Azer started MedMen Enterprises Inc. at underperform with a $1.50 price target. "[MedMen] is the clear leader in the [California] market, with a distinguished brand, reflecting an attractive retail concept," Azer wrote. "However, to us, retail is less attractive than wholesale. And, an over-reliance on retail revenues today, coupled with excessive spending and notable management turnover, make this a'show-me' story." Azer also started Acreage Holdings Inc. at market perform with a $9 target, saying consolidation a of a "disparate network of dispensaries" and launching a "nascent brand strategy" could prove challenging. The ETFMG Alternative Harvest ETF was up 0.4% in afternoon trading, but has lost 28.7% over the past three months, while the S&P 500 has gained 3.5% in three months.

WAKEFIELD, Mass. , Sept. 13, 2019 /CNW/ -- Today Curaleaf Holdings, Inc. (CURA.CN) (CURLF) ("Curaleaf" or the "Company"), a leading vertically integrated cannabis operator in the United States , was granted approval for its three final and two provisional adult-use licenses by the Massachusetts Cannabis Control Commission. Following today's approval of all five licenses, the next step in the process is to schedule Post Final inspections for the three final licenses, which will then be followed by Commence Operation inspections. "We appreciate the work of the Cannabis Control Commission and the Commission staff and will continue to work collaboratively with them to move forward in securing approval on our final inspections," said Joseph Lusardi , CEO of Curaleaf. The three final adult-use licenses are: a retail license to be co-located with the current medical retail location in Oxford , and two licenses for cultivation and manufacturing to be co-located with the current medical cultivation and manufacturing facility in Webster .

MIAMI, Sept. 12, 2019 /PRNewswire/ -- Curaleaf Holdings, Inc. (CURA.CN) (CURLF) ("Curaleaf" or the "Company"), a leading vertically integrated cannabis operator in the United States, announced today the company is the first in Florida to launch medical cannabis tablets, available in all 26 Curaleaf dispensaries across the state. Curaleaf, operator of the largest cannabis retail footprint in the US, with 49 dispensaries across the country, also sells medical cannabis in tablet form in Connecticut, New Jersey, Maryland and New York, with plans to launch in additional states.

PORT CHARLOTTE, Fla., Sept. 3, 2019 /PRNewswire/ -- Curaleaf Holdings, Inc. (CURA.CN) (CURLF) ("Curaleaf" or the "Company"), a leading vertically integrated cannabis operator in the United States, announced today the opening of its 26th Florida dispensary at 1994 Kings Highway in Port Charlotte. Curaleaf has the largest cannabis dispensary footprint in the US with 49 dispensaries across the country, and continues to execute on its strategy of rapid expansion in Florida.

Curaleaf (OTC: CURLF) continues to expand its partnership with the Veterans Cannabis Project (VCP) to help veterans gain legal access to medical cannabis. The company has started offering its products to veterans in Oregon. The VCP advocates for legal and supported access of medical cannabis for veterans through the Department of Veterans Affairs. Customers can now purchase a custom-designed Veterans Cannabis Project pre-roll product, with a portion of all […]The post Curaleaf Begins Offering Medical Cannabis Products to Veterans in Oregon appeared first on Market Exclusive.

Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) has announced that an Alberta provincially-approved cannabis retail licensee is opening a cannabis retail store in Cold Lake, Alberta, under the Choom brand. The Choom-branded store is set to open on Saturday, August 31. GB Sciences (OTCQB: GBLX) has named Darin Carpenter as the company's new executive vice president for operations and […]The post Cannabis Stock News Daily Roundup August 28 appeared first on Market Exclusive.

Reported Record Pro Forma Revenue (1)(2) of $110.9 million and Managed Revenue (1) of $55.1 Million Generated $3.4 million of Adjusted EBITDA (1) as Operations Continue to Scale Announced Acquisition of ...

As a result of the transaction, Curaleaf will have sold a portion of its real estate assets while retaining use of the properties for cultivation, processing and retail, respectively. The sale price of $28.3 million for the six properties covers initial investment plus all tenant improvements made to date and the proceeds will go towards Curaleaf's continued expansion in the United States .